Alcoa Corp

On August 8, China released its trade data for July. The country’s exports in dollar terms rose 7.2% compared to July 2016 while imports rose 11%.

China produced ~2.76 million metric tons of aluminum in April—a YoY increase of 7.6%. Its production has risen 12.0% YoY in the first four months of 2017.

Alcoa and Century Aluminum (CENX) survives the commodity price slump by closing their high-cost capacities and negotiating better power deals for several operating plants.

The third element of Elliott Funds’ “value unlock” plan for BHP Billiton (BHP) (BBL) is the adoption of a policy of consistent and optimized capital returns to shareholders.

Elliott Funds has proposed unifying BHP Billiton’s (BHP) (BBL) dual-listing structure into a single Australian-headquartered and Australian tax resident–listed company.

Aluminum premiums are key indicators that investors in primary producers such as Century Aluminum (CENX), Norsk Hydro (NHYDY), and Rio Tinto (RIO) should track.

Alcoa (AA) expects its alumina shipments to range from 13.8 million–13.9 million metric tons in fiscal 2017 compared to 13.2 million metric tons in fiscal 2016.

Ball Corporation (BLL) reported 3Q16 net sales of $2.8 billion, a rise of 33.3% compared to net sales of $2.1 billion in 3Q15.

Ball Corporation (BLL) fell 0.80% to close at $76.48 per share during the first week of November 2016.

Ball Corporation (BLL) has a market cap of $13.9 billion. It fell 0.28% to close at $79.53 per share on October 26, 2016.

Alcoa’s 3Q16 guidance Previously, we looked at factors that could impact Alcoa’s (AA) 3Q16 revenues. In this part, we’ll look at the company’s profitability metrics. Note that there are several metrics you can use to measure an enterprise’s profitability. Alcoa releases a non-GAAP (generally accepted accounting principles) measure, the ATOI (after tax operating income). In […]

Ball Corporation (BLL) has a market cap of $13.8 billion. It fell 0.38% to close at $79.04 per share on September 26.

Aluminum prices have shown resilience this year. However, aluminum has been facing stiff resistance at $1,700 per metric ton.

In this series, we’ll look at the Janus Asset Allocation team’s views on inflation, policy measures, and asset allocation (ITOT) (NEAR), given its assertion that inflation pressures are building.

Alcoa (AA) generated free cash flows of $55 million in 2Q16—compared to $205 million in the same quarter last year.

Century Aluminum reported revenues of $326 million in 2Q16. The revenue miss shouldn’t be a major concern given its performance on other metrics.

Alcoa expects its fiscal 2016 net income to rise by $160 million for every $100 per metric ton rise in aluminum prices.

Alcoa (AA) reported its 2Q16 earnings yesterday after the market closed. Here’s what you should know.

Market participants who are bullish on Alcoa (AA) point to Berkshire Hathaway’s (BRK-B) acquisition of Precision Castparts.

There are valid reasons for aluminum producers to feel upbeat about aluminum demand growth.

Rio Tinto’s 2015 results were mostly in line with market expectations. Underlying EBITDA and underlying profits were $12.6 billion and $4.5 billion, respectively.

In the week ended January 9, copper and tin inventories increased. Levels for other base metals fell.

Alcoa’s upstream business has been gaining strength. It also has a downstream business, which produces alumina and primary aluminum.

It can take almost two pounds of alumina to produce one pound of aluminum. Naturally, changes in alumina prices would impact aluminum’s production cost.

Alcoa’s value-add company will get a major portion of its revenues from Europe and is thus negatively impacted by a stronger US dollar.

The usage of aluminum in automobiles has been gradually increasing, as it improves vehicle performance, reduces CO2 emissions, and boosts fuel economy.

On November 24, Alcoa announced the executive management structure to be introduced following its split.

Alcoa’s stock has witnessed a decent upwards move over the last few trading sessions, gaining more than 16% since November 12.

Analysts expect Century Aluminum (CENX) to post a loss when it releases its 3Q15 results on October 29, 2015. Earnings season for the aluminum industry has started on a dull note.

On September 28, Alcoa (AA) announced that it would split into two independent companies. The transaction is expected to be completed in the second half of 2016.

Aluminum is the second most widely used metal after steel. Investors have a special liking for aluminum. There are several ways to play the industry.

A wider contango is generally associated with a short-term oversupply in the market. Aluminum market dynamics took a beating as China’s aluminum exports are reaching alarming levels.

Alcoa was trading at its 52-week low on July 23 and closed at $9.96—breaching the psychologically crucial level of $10 per share for two consecutive days.

Aluminum prices have been in a downtrend for more than a month.

Year-to-date, aluminum prices have lost ~9%, while physical aluminum premiums in the US have lost almost 60%.

Alcoa (AA) reported its 1Q 2015 earnings on April 8. It reported net income of $195 million on revenues of $5.8 billion.

China is the world’s biggest automotive market, where close to 22 million vehicles are sold each year. A mid-sized vehicle has ~50 pounds of copper content.

China’s manufacturing PMI has been below 50 for two consecutive months. This reflects a slowdown in the Chinese economy and impacts industrial commodities.